woodfield apts - loopnet · 2020-02-06 · quote flyer contact us robert siddall vice president +1...

Contact:Salvador JaureguiRealtorPhone : (213)505-4290Email : [email protected]

Woodfield Apts2703 Observation drSan Antonio, TX 78237

©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.

TABLE OF CONTENTSTABLE OF CONTENTS

Page 1

PROPERTY INFO & DISCLAIMER

PROPERTY DESCRIPTION

PROPERTY PHOTOS

QUOTE FLYER - WOODFIELD APARTMENTS SANANTONIO, TX (1) - 1

RENT ROLL JAN 2020 WOODFILED

QUOTE FLYER - WOODFIELD APARTMENTS SANANTONIO, TX (1)

T - 12 COPY PDF

2703 OBSERVATION DR - 1

2703 OBSERVATION DR

INVESTMENT ANALYSIS - 5 YEAR BEFORE TAX

3

4

5

10

11

12

13

14

17

20


TABLE OF CONTENTSTABLE OF CONTENTS

Page 2

LOCATION RISK ANALYSIS

AERIAL & LOCATION REPORT

26

32


WOODFIELDAPTS

PROPERTYINFO:

PURCHASE PRICE:$2,400,000

PROPERTY ADDRESS:2703 OBSERVATION DRSAN ANTONIO, TX 78237

YEAR BUILT:1960

PROPERTY SIZE23,132 SQ. FT.

LAND SIZE38,541.00 SQ. FT.

Page 3COMPANY DISCLAIMER©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.

PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONThe Woodfield Apartments are finally for sale. 32 units - 29 x 2/1 and 3 x 1/1. 2bedrooms rented at an average of $775 and 1 bedrooms at $600 each. All parkingareas re-asphalt in Feb.2019, all buildings roof replaced Apr. 2019, all exteriorwindows replace (double pane Low E), over 10 AC systems R22 replaced with 410A.Very easy to lease and excellent location. Located almost in an acre lot nearLackland AFB. Easy access to HWY 90, Loop 410, and SH 151. Minutes from SeaWorld, Downtown and Airport. Very desirable area.

Woodfield AptsSan Antonio TX 78237

Page 4©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.

PROPERTY PHOTOSPROPERTY PHOTOS


QUOTE FLYER

CONTACT USROBERT SIDDALLVice President+1 214 979 [email protected]

Agency 1 Agency 2 Agency 3

Loan to Value*: Up to 80% Up to 80% Up to 80%

Interest Rate**: 3.89-3.99% 3.79-3.89% 3.69-3.79%

Term (Years): 5 7 10

Interest Only (Years Possible): 1 Year 1-2 Years 1-3 Years

Amortization (Years): 30 30 30

Monthly Payment During IO Period: $77,477 $73,779 $71,637

Monthly Payment: $109,731 $107,225 $105,789

Recourse: Non-Recourse Non-Recourse Non-Recourse

Prepayment Penalty: Yield Maintenance or Declining options are available

Yield Maintenance or Declining


Woodfield ApartmentsSan Antonio, TXPrepared For: Salvador Jauregui

• LTV is based on a 1.25 DSCR on actuals.• Rates and terms represent preliminary quotes and are based on treasury yields as of

02.03.2020. They represent no legal obligation.• Rates and programs assume a financially strong borrower. Quote is subject to review of

borrower financials.

Rent Roll for Woodfiled Apts. - January 2020Building Number Unit # Unit Type Unit SF Tenant Name(s) Occupancy Status Market Rent Current Rent Subsidy/Section 8 Rent Deposit Move in Date Lease Start Date Expiration Date

328 Altitude 1 2 bed 1 bath 750 Joseph Frescas Occupied $825.00 $800.00 N/A $550.00 09/21/2019 09/21/2019 08/31/2020328 Altitude 2 2 bed 1 bath 750 Mervin Norsworthy Occupied $825.00 $735.00 N/A $400.00 11/10/2016 03/01/2020 02/28/2021328 Altitude 3 2 bed 1 bath 750 Debra Gallardo Occupied $825.00 $685.00 N/A $400.00 01/07/2016 03/01/2020 02/28/2021328 Altitude 4 1 bed 1 bath 595 Victoria Leal/Jason JohnsonOccupied $625.00 $550.00 N/A $250.00 02/10/2015 03/01/2020 02/28/2021328 Altitude 5 2 bed 1 bath 750 Neydi Palacios Occupied $825.00 $800.00 N/A $550.00 10/21/2019 10/21/2019 10/31/2020328 Altitude 6 2 bed 1 bath 750 Flor Aquino Occupied $825.00 $775.00 N/A $550.00 08/01/2019 08/01/2019 02/28/2020328 Altitude 7 2 bed 1 bath 750 Luis Cortez Occupied $825.00 $800.00 N/A $550.00 10/15/2019 10/15/2019 09/30/2020328 Altitude 8 2 bed 1 bath 750 Emily Delgado Occupied $825.00 $600.00 N/A $250.00 04/24/2015 04/01/2017 3/31/2018 (MTM)324 Altitude 9 2 bed 1 bath 750 Sandra Vasquez Occupied $825.00 $785.00 N/A $500.00 12/01/2017 03/01/2020 02/28/2021324 Altitude 10 2 bed 1 bath 750 Jaime Martinez Occupied $825.00 $736.00 N/A $500.00 8/1/2018 03/01/2020 02/28/2021324 Altitude 11 2 bed 1 bath 750 Juan Alberto Quirino Occupied $825.00 $785.00 N/A $550.00 09/01/2018 03/01/2020 02/28/2021324 Altitude 12 1 bed 1 bath 595 Pedro Reyna Occupied $625.00 $625.00 N/A $450.00 07/12/2019 07/12/2019 07/31/2020324 Altitude 13 2 bed 1 bath 750 Yeseli Reyes Occupied $825.00 $735.00 N/A $500.00 09/14/2017 09/14/2017 9/30/2018 (MTM)324 Altitude 14 3 bed 1 bath 750 Roberto Rodriguez Occupied $825.00 $725.00 N/A $400.00 07/13/2016 01/01/2020 12/31/2020324 Altitude 15 3 bed 1 bath 750 Steven Sanchez Occupied $825.00 $775.00 N/A $550.00 08/01/2019 08/01/2019 8/1/2020324 Altitude 16 2 bed 1 bath 750 Luis Roberto Calderon Occupied $825.00 $775.00 N/A $550.00 04/20/2019 04/20/2019 03/31/20202703 Observation dr 17 2 bed 1 bath 750 Delca Palacios Occupied $825.00 $775.00 N/A $550.00 5/25/2019 5/25/2019 5/31/20202703 Observation dr 18 2 bed 1 bath 750 Eduardo Alvarez Occupied $825.00 $650.00 N/A $400.00 01/18/2017 01/18/2017 1/31/2018 (MTM)2703 Observation dr 19 3 bed 1 bath 750 Anna Sauceda Occupied $825.00 $760.00 N/A $500.00 03/01/2016 03/01/2020 02/28/20212703 Observation dr 20 2 bed 1 bath 750 Kimberly Guevara Occupied $825.00 $800.00 N/A $550.00 09/01/2019 09/01/2019 02/29/20202703 Observation dr 21 1 bed 1 bath 595 Jamie Rodriguez Occupied $625.00 $600.00 N/A $400.00 08/16/2018 09/01/2019 08/31/20202703 Observation dr 22 3 bed 1 bath 750 Javier Flores Occupied $825.00 $800.00 N/A $550.00 02/25/2019 02/25/2019 02/28/20202703 Observation dr 23 3 bed 1 bath 750 Catherine Tolciu Occupied $825.00 $775.00 $775.00 $400.00 07/16/2015 08/01/2017 7/31/20202703 Observation dr 24 2 bed 1 bath 750 Turon Tanner Occupied $825.00 $650.00 N/A $375.00 08/21/2015 09/01/2016 8/31/2017 (MTM) 2703 Observation dr 25 2 bed 1 bath 750 Roxanne Garza-Ruiz Occupied $825.00 $750.00 N/A $550.00 03/22/2019 03/22/2019 03/30/20202703 Observation dr 26 2 bed 1 bath 750 Ricardo Garcia Occupied $825.00 $800.00 N/A $550.00 08/19/2019 08/19/2019 7/31/20202703 Observation dr 27 3 bed 1 bath 750 Edgar Munoz Occupied $825.00 $775.00 N/A $550.00 05/01/2019 05/01/2019 04/30/20202703 Observation dr 28 2 bed 1 bath 750 Jesse Rojas Occupied $825.00 $775.00 N/A $550.00 04/01/2019 04/01/2019 03/31/202022703 Observation dr 29 2 bed 1 bath 750 Frank Vera Occupied $825.00 $800.00 N/A $500.00 11/01/2018 11/01/2018 10/31/20192703 Observation dr 30 2 bed 1 bath 750 Yoshio Morales Lira Occupied $825.00 $775.00 N/A $550.00 06/09/2019 06/09/2019 05/31/20202703 Observation dr 31 2 bed 1 bath 750 Yolanda Hernandez Occupied $825.00 $785.00 N/A $550.00 09/09/2018 03/01/2020 02/28/20212703 Observation dr 32 2 bed 1 bath 750 Nicholas Martinez Occupied $825.00 $775.00 N/A $550.00 04/04/2019 04/04/2019 05/31/2020

Total 23535 $25800.00 $23731.00 $775.00 $15575.00

1

QUOTE FLYER

CONTACT USROBERT SIDDALLVice President+1 214 979 [email protected]

Agency 1 Agency 2 Agency 3

Loan to Value*: Up to 80% Up to 80% Up to 80%

Interest Rate**: 3.89-3.99% 3.79-3.89% 3.69-3.79%

Term (Years): 5 7 10

Interest Only (Years Possible): 1 Year 1-2 Years 1-3 Years

Amortization (Years): 30 30 30

Monthly Payment During IO Period: $77,477 $73,779 $71,637

Monthly Payment: $109,731 $107,225 $105,789

Recourse: Non-Recourse Non-Recourse Non-Recourse

Prepayment Penalty: Yield Maintenance or Declining options are available



Woodfield ApartmentsSan Antonio, TXPrepared For: Salvador Jauregui

• LTV is based on a 1.25 DSCR on actuals.• Rates and terms represent preliminary quotes and are based on treasury yields as of

02.03.2020. They represent no legal obligation.• Rates and programs assume a financially strong borrower. Quote is subject to review of

borrower financials.

WOODFIELD APARTMENS 2703 OBSERVATION DR. SA TX 78227

T-12 INCOME Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 T-12 T0TAL

ACTUAL RENT $21715.00 $21920.00 $20420.00 $20164.00 $20014.00 $23139.00 $21954.00 $21317.00 $22941.00 $22173.00 $21945.00 $25547.00 $263249.00

LAUNDRY INCOME $76.00 $71.00 $212.00 $309.00 $420.00 $101.47 $177.24 $1366.71

ACTUAL GROSS REVENUES $21791.00 $21920.00 $20491.00 $20164.00 $20226.00 $23139.00 $22263.00 $21317.00 $23361.00 $22173.00 $22046.47 $25724.24 $264615.71

MARKET RENTS $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $25800.00 $309600.00

VACANCY ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($755.00) ($9060.00)

POTENTIAL NET RENTAL INCOME $25121.00 $25045.00 $25116.00 $25045.00 $25257.00 $25045.00 $25354.00 $25045.00 $25465.00 $25045.00 $25146.47 $25222.24 $301906.71

T - 12 EXPENSES

Repairs & Maintenance $1918.00 $1080.00 $1876.00 $4208.00 $1403.00 $3145.00 $3799.00 $5120.00 $3465.00 $3425.00 $2230.00 $5312.00 $36981.00

Utilities $2778.00 $2749.00 $2725.00 $2779.00 $2397.00 $2434.00 $2474.00 $2324.00 $2915.00 $2224.00 $2402.00 $1897.00 30098

Water/Sewer $1796.00 $1657.00 $1683.00 $1910.00 $1394.00 $1558.00 $1719.00 $1676.00 $2187.00 $1506.00 $1,695.00 $1127.00 $19908.00

Gas $408.00 $530.00 $471.00 $307.00 $441.00 $306.00 $179.00 $82.00 $162.00 $154.00 $144.00 $207.00 $3391.00

Electric $150.00 $138.00 $147.00 $138.00 $138.00 $146.00 $152.00 $142.00 $142.00 $140.00 $139.00 $139.00 1711

Trash $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $424.00 $5088.00

Management Fess 0 0 0 0 0 0 0 0 0 0 0 0 0

Insurance $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $1418.00 $17016.00

Taxes $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $2068.00 $24816.00

TOTAL EXPENSES $8182.00 $7315.00 $8087.00 $10473.00 $7286.00 $9065.00 $9759.00 $10930.00 $9866.00 $9135.00 $8118.00 $10695.00 $108911.00

Reserves $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $400.00 $4800.00

NOI (With RESERVES) $13209.00 $14205.00 $12004.00 $9291.00 $12540.00 $13674.00 $12104.00 $9987.00 $13095.00 $12638.00 $13528.47 $14629.24 $155704.71

1

Profit & Loss Statement 2019Woodfield Apartments

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Year To Date

CollectionsRent $20,420.00 $20,164.00 $20,014.00 $21,579.00 $21,404.00 $20,727.00 $22,841.00 $20,693.00 $21,120.00 $24,367.00 $20,191.00 $23,835.00 $257,355.00

Late Charges $75.00 $75.00

Laundry $70.89 $211.69 $308.97 $420.12 $101.47 $177.24 $1,290.38

Appliction Fees $40.00 $80.00 $80.00 $40.00 $240.00

Electricity Payments $0.00

NSF Fees $0.00

Security Deposit Payments $1,560.00 $550.00 $550.00 $1,400.00 $750.00 $1,100.00 $5,910.00Security Deposit Forfeit $0.00

Other Payments $0.00

Total Revenue $20,490.89 $20,164.00 $20,225.69 $23,139.00 $22,262.97 $21,317.00 $23,261.12 $22,173.00 $22,046.47 $25,724.24 $20,191.00 $23,875.00 $264,870.38

UTILITIES

Electricity MAIN $147.14 $138.16 $138.48 $145.78 $152.36 $143.34 $142.08 $139.93 $139.11 $138.91 $128.13 $125.34 $1,678.76

GAS $471.08 $307.18 $440.85 $305.62 $179.25 $82.17 $162.38 $154.18 $144.05 $206.53 $281.16 $357.63 $3,092.08

Water & Sewage $1,683.13 $1,910.32 $1,393.57 $1,558.18 $1,718.93 $1,675.58 $2,186.56 $1,505.60 $1,695.24 $1,126.98 $1,588.02 $1,406.09 $19,448.20Electricity Units - Return deposits $76.14 $62.51 $10.27 $29.92 $33.44 $212.28

Garbate & Trash Disposal $1,222.24 $814.86 $407.43 $2,053.02 $423.73 $423.73 $423.73 $423.73 $423.73 $6,616.20

Total Utilities $2,301.35 $3,577.90 $2,787.76 $2,417.01 $2,050.54 $1,901.09 $4,544.04 $2,299.58 $2,464.64 $1,906.42 $2,450.96 $2,346.23 $31,047.52

Management & Related

Management Fees/Expenses $65.27 $74.50 $77.70 $39.97 $45.51 $64.71 $367.66

STATEWIDE PATROL $887.72 $487.29 $479.55 $487.54 $487.29 $2,829.39

Manager Salary $0.00Avertising & Signs $468.00 $468.00

Return Deposit $350.00 $350.00

Office Supplies $31.21 $72.24 $11.00 $105.87 $220.32

Management Total $96.48 $468.00 $74.50 $149.94 $39.97 $898.72 $532.80 $935.42 $487.54 $552.00 $0.00 $0.00 $4,235.37

Janitorial & Landscaping

General Cleaning $300.00 $150.00 $300.00 $750.00

Maintenance Tech $480.00 $350.00 $830.00

Unit Cleaning $0.00LEGAL & PROFESSIONAL FEES $764.00 $300.00 $146.00 $146.00 $1,356.00

Supplies - Janitorial $216.49 $216.49

Grounds Maintenance (Humberto) $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $7,200.00

Yard Supplies $334.49 $334.49

Cleaning Total $1,664.00 $600.00 $900.00 $750.00 $1,226.00 $1,080.49 $1,116.49 $600.00 $600.00 $950.00 $600.00 $600.00 $10,686.98

Profit & Loss Statement 2018

Woodfield Apartments

1


Preventive MaintenanceFlooring $453.11 $898.44 $1,351.55

Pest Control $111.08 $29.13 $103.32 $21.59 $265.12

Air Conditioning Repair $2,000.00 $200.00 $1,000.00 $2,100.00 $2,400.00 $1,150.00 $500.00 $2,800.00 $200.00 $12,350.00

A/C Replacement $24.87 $14.56 $230.99 $237.73 $508.15

Heating Repairs $0.00

Heating Replacement $0.00

Plumbing Repairs $58.81 $250.00 $146.26 $455.07

Plumbing Replacement $261.75 $21.44 $78.59 $18.39 $380.17Electrical Repairs $165.36 $12.31 $177.67

Electrical Replacement $0.00

Roof Repairs $0.00

Roof Replacement $0.00

Appliance Repairs $0.00

Appliance Replacement $227.10 $345.00 $51.91 $595.93 $1,219.94

Outside Repairs / Windows $287.88 $362.52 $100.00 $102.78 $853.18

Painting Inside $250.30 $511.76 $762.06Painting Outside $0.00

Carpenter Work $0.00

Driveways & Parking $20,000.00 $20,000.00

General Repairs $282.14 $282.14

Doors & Locks $5.41 $32.41 $16.24 $20.30 $5.41 $26.52 $172.91 $34.97 $314.17

Carpet Cleaning $227.32 $75.78 $303.10

Carpet Replacement $0.00

Draperies Replacemnt/mini blinds $23.71 $23.71

Fire Extinguisher Mainenance $0.00Fire Extinguisher Replacement $0.00

Water Heater/ Boilers $0.00

Maintenance Supplies $147.34 $427.99 $233.37 $308.61 $285.52 $121.04 $445.40 $197.18 $156.86 $218.67 $436.13 $2,978.11

Maintenance Total $116.49 $23,140.30 $1,534.97 $2,244.61 $2,533.37 $3,141.89 $1,815.88 $1,890.35 $1,141.68 $3,809.80 $218.67 $636.13 $42,224.14

Property Taxes & Insurance

Real Estate Taxes $12,054.74 $12,411.91 $24,466.65

Insurance Premiums $17,013.00 $17,013.00Tax & Insurance Total $12,054.74 $0.00 $0.00 $17,013.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12,411.91 $0.00 $41,479.65

***FYI ---Total actual debt service not including Taxes & Insurance = $5,392.04****P&I = $5,392.04****as of 09/01/17 *****

Profits & Loss

Operating Expenses Total $16,233.06 $27,786.20 $5,297.23 $22,574.56 $5,849.88 $7,022.19 $8,009.21 $5,725.35 $4,693.86 $7,218.22 $15,681.54 $3,582.36 $129,673.66

Net Cash Flow $20,490.89 $20,164.00 $20,225.69 $23,139.00 $22,262.97 $21,317.00 $23,261.12 $22,173.00 $22,046.47 $25,724.24 $20,191.00 $23,875.00 $264,870.38

Security Deposits Liabilities $0.00 $0.00 $0.00 $1,560.00 $550.00 $550.00 $0.00 $1,400.00 $750.00 $1,100.00 $0.00 $0.00 $5,910.00Total Proceeds to Owner $4,257.83 -$7,622.20 $14,928.46 $2,124.44 $16,963.09 $14,844.81 $15,251.91 $17,847.65 $18,102.61 $19,606.02 $4,509.46 $20,292.64 $141,106.72

2

NEW Total Proceeds to Owner $4,257.83 -$7,622.20 $14,928.46 $2,124.44 $16,963.09 $14,844.81 $15,251.91 $17,847.65 $18,102.61 $19,606.02 $4,509.46 $20,292.64 $141,106.72

Total Proceeds ater DEBT SVC -$1,134.21 -$13,014.24 $9,536.42 -$3,267.60 $11,571.05 $9,452.77 $9,859.87 $12,455.61 $12,710.57 $14,213.98 -$882.58 $14,900.60 $76,402.24

*****Property bought 04/23/2015****

***** New Roof installed April 2019 through out all 4 buildings (Ins claim)******

3

Profit & Loss Statement 2018Woodfield Apartments


CollectionsRent $22,352.00 $23,997.00 $19,844.00 $21,860.00 $21,100.00 $20,500.00 $17,915.00 $20,610.00 $23,350.00 $21,530.00 $21,715.00 $21,920.00 $256,693.00

Late Charges $0.00

Laundry $69.95 $89.21 $75.68 $234.84

Appliction Fees $0.00

Electricity Payments $0.00

NSF Fees $0.00

Security Deposit Payments $0.00Security Deposit Forfeit $0.00

Other Payments $0.00

Total Revenue $22,352.00 $23,997.00 $19,844.00 $21,860.00 $21,100.00 $20,500.00 $17,984.95 $20,699.21 $23,350.00 $21,530.00 $21,790.68 $21,920.00 $256,927.84

UTILITIES

Electricity MAIN $150.08 $152.25 $162.37 $165.04 $160.43 $167.35 $168.51 $156.02 $160.14 $140.80 $149.98 $138.29 $1,871.26

GAS $566.28 $539.75 $479.66 $341.00 $268.72 $195.07 $213.68 $213.14 $226.85 $281.84 $407.95 $530.40 $4,264.34

Water & Sewage $1,370.99 $1,763.21 $1,595.79 $1,888.34 $1,455.07 $1,821.27 $1,929.97 $2,285.43 $2,201.16 $1,595.98 $1,796.26 $1,657.24 $21,360.71Electricity Units - Return deposits $0.00

Garbate & Trash Disposal $586.21 $590.84 $590.84 $588.88 $594.62 $683.19 $598.69 $1,656.00 $5,889.27

Total Utilities $2,673.56 $3,046.05 $2,828.66 $2,983.26 $2,478.84 $2,866.88 $2,910.85 $2,654.59 $4,244.15 $2,018.62 $2,354.19 $2,325.93 $33,385.58

Management & Related

Management Fees/Expenses (sodas) $40.00 $76.41 $91.99 $61.97 $95.52 $171.85 $173.49 $84.22 $795.45

Manager Salary $0.00

Avertising & Signs $0.00Office Supplies $19.95 $27.32 $10.00 $25.14 $82.41

Management Total $59.95 $103.73 $0.00 $91.99 $0.00 $10.00 $61.97 $120.66 $0.00 $171.85 $173.49 $84.22 $877.86

Janitorial & Landscaping

General Cleaning $0.00

Unit Cleaning $450.00 $450.00

LEGAL & PROFESSIONAL FEES $270.00 $146.00 $3,836.00 $500.00 $4.08 $4,756.08

Supplies - Janitorial $16.21 $16.21

Grounds Maintenance (Humberto) $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $7,200.00Yard Supplies $112.47 $112.47

Cleaning Total $600.00 $600.00 $600.00 $600.00 $870.00 $858.47 $4,886.00 $616.21 $1,100.00 $600.00 $604.08 $600.00 $12,534.76

Profit & Loss Statement 2018

Woodfield Apartments


Preventive Maintenance

�1

Flooring $1,011.95 $1,071.24 $411.28 $61.92 $2,556.39

Pest Control $50.22 $46.33 $46.33 $46.33 $189.21

Air Conditioning Repair $73.34 $250.00 $450.00 $800.00 $2,800.00 $1,000.10 $100.00 $5,473.44A/C Replacement $143.24 $48.45 $191.69

Heating Repairs $90.00 $90.00

Heating Replacement $90.93 $90.93

Plumbing Repairs $362.64 $100.00 $78.18 $127.16 $77.46 $745.44

Plumbing Replacement $181.37 $190.23 $55.42 $101.56 $98.97 $228.44 $855.99

Electrical Repairs $13.87 $13.87

Electrical Replacement $36.65 $36.65

Roof Repairs $0.00Roof Replacement $0.00

Appliance Repairs $0.00

Appliance Replacement $0.00

Outside Repairs / Windows $132.01 $35.79 $324.64 $492.44

Painting Inside $0.00

Painting Outside $0.00

Carpenter Work $0.00

Driveways & Parking $585.00 $585.00General Repairs $558.87 $558.87

Doors & Locks $2.71 $108.00 $9.47 $20.00 $2.71 $5.41 $148.30

Carpet Cleaning $100.00 $100.00 $60.00 $100.00 $100.00 $100.00 $560.00

Carpet Replacement $0.00

Draperies Replacemnt/mini blinds $44.67 $16.21 $15.61 $76.49

Fire Extinguisher Mainenance $0.00

Fire Extinguisher Replacement $648.96 $648.96

Water Heater/ Boilers $0.00

Maintenance Supplies $1,459.50 $49.44 $119.95 $735.96 $1,554.67 $388.75 $166.51 $379.25 $196.07 $5,050.10Maintenance Total $2,355.80 $929.99 $190.23 $692.45 $1,382.19 $800.00 $3,681.26 $3,785.10 $1,674.96 $1,335.14 $1,140.58 $396.07 $18,363.77

Property Taxes & Insurance

Real Estate Taxes $12,307.90 $12,307.90

Insurance Premiums $16,744.35 $2,398.50 $19,142.85

Tax & Insurance Total $0.00 $0.00 $0.00 $16,744.35 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $14,706.40 $0.00 $31,450.75

***FYI ---Total actual debt service not including Taxes & Insurance = $5,392.04****P&I = $5,392.04****as of 09/01/17 *****

Profits & Loss

Operating Expenses Total $5,689.31 $4,679.77 $3,618.89 $21,112.05 $4,731.03 $4,535.35 $11,540.08 $7,176.56 $7,019.11 $4,125.61 $18,978.74 $3,406.22 $96,612.72

Net Cash Flow $22,352.00 $23,997.00 $19,844.00 $21,860.00 $21,100.00 $20,500.00 $17,984.95 $20,699.21 $23,350.00 $21,530.00 $21,790.68 $21,920.00 $256,927.84

Security Deposits Liabilities $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Total Proceeds to Owner $16,662.69 $19,317.23 $16,225.11 $747.95 $16,368.97 $15,964.65 $6,444.87 $13,522.65 $16,330.89 $17,404.39 $2,811.94 $18,513.78 $160,315.12

�2

NEW Total Proceeds to Owner $16,662.69 $19,317.23 $16,225.11 $747.95 $16,368.97 $15,964.65 $6,444.87 $13,522.65 $16,330.89 $17,404.39 $2,811.94 $18,513.78 $160,315.12

Total Proceeds ater DEBT SVC $11,270.65 $13,925.19 $10,833.07 -$4,644.09 $10,976.93 $10,572.61 $1,052.83 $8,130.61 $10,938.85 $12,012.35 -$2,580.10 $13,121.74 $95,610.64

�3

INITIAL INVESTMENTPurchase Price $2,400,000 + Acquisition Costs $48,000 - Mortgage(s) $1,800,000 + Loan Fees Points $18,000 Initial Investment $666,000

MORTGAGE DATA 1ST LIENLoan Amount $1,800,000 Interest Rate 5.000% Amortization Period 30 Years Periodic Payment $9,663 Annual Debt Service $115,953

CASH FLOW

For the Year EndingYear 1

Mar-2021Year 2

Mar-2022Year 3

Mar-2023Year 4

Mar-2024Year 5

Mar-2025POTENTIAL RENTAL INCOME (PRI) $300,900 $309,927 $319,225 $328,802 $338,666 - Vacancy / Credit Loss $12,036 $12,397 $12,769 $13,152 $13,547 EFFECTIVE RENTAL INCOME $288,864 $297,530 $306,456 $315,650 $325,119 + Other Income $1,200 $1,236 $1,273 $1,311 $1,351 GROSS OPERATING INCOME (GOI) $290,064 $298,766 $307,729 $316,961 $326,470 - Operating Expenses $101,522 $104,568 $107,705 $110,936 $114,265 NET OPERATING INCOME (NOI) $188,542 $194,198 $200,024 $206,025 $212,205

NET OPERATING INCOME (NOI) $188,542 $194,198 $200,024 $206,025 $212,205 - Capital Expenses / Replacement Reserves $0 $0 $0 $0 $0 - Annual Debt Service 1st Lien $115,953 $115,953 $115,953 $115,953 $115,953 CASH FLOW BEFORE TAXES $72,589 $78,245 $84,071 $90,072 $96,252

Loan Balance $1,773,443 $1,745,528 $1,716,185 $1,685,340 $1,652,917 Loan-to-Value (LTV) - 1st Lien 63.93% 61.1% 58.31% 55.59% 52.94% Debt Service Coverage Ratio 1.63 1.67 1.73 1.78 1.83 Before Tax Cash on Cash 10.90% 11.75% 12.62% 13.52% 14.45%

SALES PROCEEDSProjected Sales Price (EOY 5) $3,122,000

Cost of Sale $156,100 Mortgage Balance 1st Lien $1,652,917

Sales Proceeds Before Tax $1,312,983

INVESTMENT PERFORMANCEInternal Rate of Return (IRR) 24.28% Acquisition CAP Rate 7.86% Year 1 Cash-on-Cash 10.90% Gross Rent Multiplier 7.98 Loan to Value 71.74% Debt Service Coverage Ratio 1.63

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 782375-YEAR CASH FLOW ANALYSIS

Fiscal Year Beginning April 2020

Page 20

DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any

kind. Key Realty nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serveas substitute for any legal, investment, real estate or other professional advice, consultation or service.

© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.

Salvador Jauregui, RealtorKey RealtyPhone: (213)505-4290Email: [email protected] Zenial Ln, San Antonio TX 78260

5-YEAR EQUITY YIELD & EFFECTIVE LOAN RATE

Unleveraged Investment

Cash Flow & 5-year YieldN $

0 ($2,448,000)

1 $188,542

2 $194,198

3 $200,024

4 $206,025

5 $3,178,105

+Financing Cash Flow

& Effective RateN $

0 $1,782,000

1 ($115,953)

2 ($115,953)

3 ($115,953)

4 ($115,953)

5 ($1,768,871)

=Equity Investment

Cash Flow & 5-year YieldN $

0 ($666,000)

1 $72,589

2 $78,245

3 $84,071

4 $90,072

5 $1,409,234

ASSUMPTION / INPUTSPurchase Price $2,400,000 Year 1 Potential Income $300,900 Vacancy & Credit Loss 4.00% Year 1 Expenses 35.00% Acquisition CAP Rate 7.86% Sale Price - CAP Rate 7.00%

Acquisition Costs 2.00% Annual Income Increase 3.00% Other Income Increase 3.00% Annual Expense Increase N/A Loan Fees Points 1.00% Cost of Sale upon Disposition 5.00%

Property IRR/Yield = 11.49% Effective Loan Rate = 5.20% Equity IRR/Yield = 24.28%

Positive Leverage! Leverage INCREASED the Yield by 12.79%

58%

0%6%

36%

Cash Flow $ 72,589

Debt Service Expenses Cash FlowVacancy

0.00

7.00

14.00

21.00

28.00

CAP Rate Cash-on-Cash IRR

7.8610.90

24.28

Investment Performance (%)

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 782375-YEAR CASH FLOW ANALYSIS


Page 21





Annual GOI, Expense and NOI Percent Change

Expense Ratio % of GOI

0.00%

1.00%

2.00%

3.00%

4.00%

Year 1 Year 2 Year 3 Year 4 Year 5

GOI Change Expense Change NOI Change

Year 1 Year 2 Year 3 Year 4 Year 5$0

$80,000

$160,000

$240,000

$320,000

$400,000

33.0%

34.4%

35.8%

37.2%

38.6%

40.0%

35.0% 35.0% 35.0% 35.0% 35.0%

GOI Expenses Expense Ratio

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237ANNUAL GOI, EXPENSE AND NOI PERCENT CHANGE, EXPENSE RATIO % OF GOI


Page 22





Year Year 1 Year 2 Year 3 Year 4 Year 5Before Tax Cash on Cash Return 10.90% 11.75% 12.62% 13.52% 14.45%

Annual Cash-on-Cash Dividend Return

0.00%

5.00%

10.00%

15.00%

20.00%

1 2 3 4 5

Before Tax Cash on Cash Retum

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237CASH-ON-CASH ANALYSIS


Page 23





Before Tax Optimal Holding Period 1 Year Before Tax Optimal Hold Annual Yield 40.31%

Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Before Tax EQUITY Yield (IRR) 40.31% 30.94% 27.54% 25.61% 24.28%

Optimal Holding Period by Annual Equity Yield (IRR)

0.00%

23.00%

46.00%

Holding Period/Year of Sale

1 2 3 4 5

40.31%

30.94%

27.54%25.61%

24.28%

Before Tax EQUITY Yield (IRR)

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237OPTIMAL HOLDING PERIOD ANALYSIS


Page 24





Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Property Yield (IRR) Before Tax 15.35% 12.92% 12.12% 11.73% 11.49% Effective Cost of Borrowed Funds 6.03% 5.51% 5.34% 5.25% 5.20% Equity Yield (IRR) Before Tax 40.31% 30.94% 27.54% 25.61% 24.28%

Impact of Leverage on Yield ↑ 24.96% ↑ 18.02% ↑ 15.42% ↑ 13.88% ↑ 12.79%

Impact of Leverage Analysis (Before Tax)

0.00%

17.00%

34.00%

51.00%

Holding Period/Year of Sale1 2 3 4 5

15.3

5%

12.9

2%

12.1

2%

11.7

3%

11.4

9%

6.03

%

5.51

%

5.34

%

5.25

%

5.20

%

40.3

1%

30.9

4%

27.5

4%

25.6

1%

24.2

8%

Property Yield (IRR) Before Tax Effective Cost of Borrowed FundsEquity Yield (IRR) Before Tax

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237IMPACT OF LEVERAGE ANALYSIS


Page 25





Flood Risk AnalysisFEMA Map Last Updated:2019-05-22

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237LOCATION RISK ANALYSIS

Page 26



Flood Hazard Designations

FEMA Map Last Updated:2019-05-22

High Risk Area - Flood hazard areas identified on the Flood Insurance Rate Map are identified as a Special Flood Hazard Area (SFHA). SFHA are defined as the area that willbe inundated by the flood event having a 1-percent chance of being equaled or exceeded in any given year. The 1-percent annual chance flood is also referred to as the baseflood or 100-year flood. SFHAs are labeled as:

Zone A: Areas subject to inundation by the 1-percent-annual-chance flood event generally determined using approximate methodologies. Because detailed hydraulic analyseshave not been performed, no Base Flood Elevations (BFEs) or flood depths are shown. Mandatory flood insurance purchase requirements and floodplain management standardsapply.

Zone AE and A1-30: Areas subject to inundation by the 1-percent-annual-chance flood event determined by detailed methods. Base Flood Elevations (BFEs) are shown.Mandatory flood insurance purchase requirements and floodplain management standards apply.

Zone AH: Areas subject to inundation by 1-percent-annual-chance shallow flooding (usually areas of ponding) where average depths are between one and three feet. Base FloodElevations (BFEs) derived from detailed hydraulic analyses are shown in this zone. Mandatory flood insurance purchase requirements and floodplain management standardsapply.

Zone AO: Areas subject to inundation by 1-percent-annual-chance shallow flooding (usually sheet flow on sloping terrain) where average depths are between one and three feet.Average flood depths derived from detailed hydraulic analyses are shown in this zone. Mandatory flood insurance purchase requirements and floodplain management standardsapply.Some Zone AO have been designated in areas with high flood velocities such as alluvial fans and washes. Communities are encouraged to adopt more restrictive rquirements forthese areas.

Zone AR: Areas that result from the decertification of a previously accredited flood protection system that is determined to be in the process of being restored to provide base floodprotection. Mandatory flood insurance purchase requirements and floodplain management standards apply.

Zone A99: Areas subject to inundation by the 1-percent-annual-chance flood event, but which will ultimately be protected upon completion of an under-construction Federal floodprotection system. These are areas of special flood hazard where enough progress has been made on the construction of a protection system, such as dikes, dams, and levees,to consider it complete for insurance rating purposes. Zone A99 may only be used when the flood protection system has reached specified statutory progress toward completion.No Base Flood Elevations (BFEs) or depths are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

Zone V: Areas along coasts subject to inundation by the 1-percent-annual-chance flood event with additional hazards associated with storm-induced waves. Because detailedhydraulic analyses have not been performed, no Base Flood Elevations (BFEs) or flood depths are shown. Mandatory flood insurance purchase requirements and floodplainmanagement standards apply.

Zone VE and V1-30: Areas subject to inundation by the 1-percent-annual-chance flood event with additional hazards due to storm-induced velocity wave action. Base FloodElevations (BFEs) derived from detailed hydraulic analyses are shown. Mandatory flood insurance purchase requirements and floodplain management standards apply.

Moderate Risk Area - Labeled Zone B or Zone X, are the areas between the limits of the base flood and the 0.2-percent-annual-chance (or 500-year) flood.

Low to Moderate Risk Area - Labeled Zone C or Zone X, areas outside the SFHA and higher than the elevation of the 0.2-percent-annual-chance flood.


Page 27



ENVIRONMENTAL RISK ANALYSIS


Page 28



Locations within 0.25 mile of Subject

Interest Type Source Contact Role Contact Name Phone

STATE MASTER TX-TCEQ ACR

Locations within 0.50 mile of Subject


SQG RCRAINFO



SAN ANTONIO LACKLAND 674 CO Latest Update: 21-JAN-2009 11:09:02

Site Type: STATIONARYCounty: BEXARCountry: UNITED STATES

Address: 103 PILAR STFacility Detail Report: 110035250536

PIERCE AUTOMOTIVE Latest Update: 09-AUG-2010 12:57:35


Address: 2620 SW LOOP 410Facility Detail Report: 110005126906

USF REDDAWAY STX Latest Update: 24-APR-2009 10:32:58


Address: 4111 NE LOOP 410Facility Detail Report: 110034673011

RIDGE CREEK Latest Update:


Address: NE OF IH 10 AND OLDFREDERICKSBURG RDINTERSECTION

Facility Detail Report: 110034195261


Page 29



https://www.theanalystpro.com/facility_report_data.php?facility=110035250536

https://www.theanalystpro.com/environmental_interesttype.php#STATEMASTER

https://www.theanalystpro.com/environmental_source.php#TX-TCEQACR


https://www.theanalystpro.com/environmental_interesttype.php#SQG

https://www.theanalystpro.com/environmental_source.php#RCRAINFO












UNSPECIFIED UNIVERSE RCRAINFO

EZ MART 390 Latest Update: 29-DEC-2014 19:33:57

Site Type: STATIONARYCounty: BEXARCountry:

Address: 7751 US HWY 90 WFacility Detail Report: 110034322668

VALERO 173 Latest Update: 11-AUG-2010 03:36:49


Address: 102 DEMYA DRFacility Detail Report: 110037529975

LACKLAND TERRACE CLEANERS Latest Update: 09-AUG-2010 12:40:49


Address: 2906 COLT DRFacility Detail Report: 110005096038


Page 30












https://www.theanalystpro.com/environmental_interesttype.php#UNSPECIFIEDUNIVERSE

https://www.theanalystpro.com/environmental_source.php#RCRAINFO

Data Quality & Sources

The Environmental Risk Analysis is limited to the 25 environmental records closest to the subject property location. EPA, authorizedor delegated states, tribal and local jurisdictions conduct compliance assurance and enforcement activities related to federalenvironmental laws. Each level of government works to ensure that information contained in national databases is accurate. Themigration of data from many jurisdictions to multiple national program databases is a challenging task. Some state and localjurisdictions directly enter data to national databases, while others maintain their own databases and transfer data to EPA throughbatch processing. Under both approaches, steps are taken to ensure that the data are of the highest quality (e.g., each databasemaintains standards and procedures for ensuring data integrity on a day-to-day basis).

Data are continuously evaluated. Through periodic analysis, conference calls, and national meetings, database managers at all levelsof government work to ensure quality information.

The facility locations displayed come from the FRS Spatial Coordinates tables. They are the best representative locations for thedisplayed facilities based on the accuracy of the collection method and quality assurance checks performed against each location.The North American Datum of 1983 is used to display all coordinates.

Disclaimer

This report is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of suchsubject(s). Accordingly, the information in this report is not intended to constitute any legal, consultative or other professional advice,service or contract in any way.

This report is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of suchsubject(s). Accordingly, the information in this report is not intended to constitute any legal, consultative or other professional advice,service or contract in any way. Key Realty makes no express or implied representations or warranties regarding this report or theinformation in it. Without limiting the foregoing, CRE Tech, Inc. and Key Realty does not warrant that the report or information in it willbe error-free or will meet any particular criteria of performance or quality. CRE Tech, Inc. and Key Realty expressly disclaims allimplied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement,compatibility, security and accuracy.

Your use of this report and information in it is at your own risk. You assume full responsibility and risk of loss resulting from the use ofthis report or information in it. None of CRE Tech, Inc., Key Realty, or their affiliates, or any partners, principals, stockholders oremployees of any thereof will be liable for any special, indirect, incidental, consequential or punitive damages or any other damageswhatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence) or otherwise, relating to the use ofthis report or information contained in it.


Page 31



Woodfield Apts2703 Observation dr, San Antonio, TX, 78237

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237AREA LOCATION MAP

Page 32



Woodfield Apts2703 Observation dr, San Antonio, TX, 78237

WOODFIELD APTS2703 Observation dr, San Antonio, TX, 78237AERIAL ANNOTATION MAP

Page 33



(213)505-4290

[email protected]

1115 Zenial Ln, San Antonio, TX, 78260

KEY REALTYSALVADOR JAUREGUI,REALTOR


woodfield apts - loopnet · 2020-02-06 · quote flyer contact us robert siddall vice president +1...

Documents